TRUMP CONSIDERS BACKUP TARIFF OPTIONSIf the IEEPA tariffs fail in court, Trump’s team may rely on other laws. Section 122 of the 1974 Trade Act allows 15% tariffs for 150 days to address trade imbalances, possibly followed by targeted tariffs under Section 301, used against unfair trade practices. The Court of International Trade suggested Section 122 could provide a stronger legal basis for global tariffs. The administration could also invoke Section 338 of the 1930 Tariff Act, which permits up to 50% tariffs on countries that discriminate against U.S. trade.https://x.com/deitaone/status/1986118041323610151?s=12
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Bryon Collins
I predict that decision will uphold his tarrif powef but say it is limited by congresses ability to override them under the legislative powers. So for example Trump set 25% tarrif on Canada and Congress says no, is to be 10. Trump vetos and Congress overrides veto. Our checks and balances work. ... View More
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